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ADDING And REPLACING Verizon Rolls Out Openfilm For FiOS TV Subscribers, Giving On-Demand Access To High-Quality Independent Films

Add after fourth sentence in the About Openfilm and Net Element section: Net Element was initially formed in 2004 as a spin-off from a subsidiary of Ener1, Inc., (NASDAQ: HEV).

The corrected release reads:

Verizon Rolls Out Openfilm for FiOS TV Subscribers, Giving On-Demand Access to High-Quality Independent Films

Verizon’s FiOS TV subscribers can now enjoy on-demand access to free high-quality, independent films from the comfort of their homes, thanks to the rollout of Openfilm, an online video technology and content delivery platform serving the indie film market. FiOS TV subscribers can browse and view selections from the diverse catalog of high-definition Openfilm productions now available on FiOS TV Video On Demand (VOD). Plus, they can also enjoy hours of new premium HD content that will be added every month.

Openfilm, operated by publisher and services provider Net Element ( OTCQB:NETE), is the leading digital venue for undiscovered, talented filmmakers to showcase their work. Its advisory board and shareholders list, comprised of industry leaders committed to identifying and cultivating aspiring filmmakers, includes James Caan, Scott Caan, Robert Duvall and Mark Rydell. James Caan is the advisory board’s chairman.

“Openfilm is excited to reach Verizon’s FiOS TV customers and deliver high-quality indie films hand-selected by our content editors from our vast catalog of more than 7,200 films,” said Dmitry Kozko, Openfilm’s CEO. “We strategically chose to work with Verizon FiOS because of its reach and influence as a leading supplier of independent film to its customers, which make this a compelling distribution channel for indie filmmakers. We expect that Verizon’s FiOS TV customers will love our unique films, and at the same time, our filmmakers will benefit from showcasing their work to these highly coveted audiences.”

Added Terry Denson, vice president of content strategy and acquisition for Verizon: “We are happy to work with Openfilm and provide our FiOS TV customers access to more unique on-demand content. Once again, we are offering programming that meets specific interests, which is part of the overall strategy that has made FiOS TV so successful.”

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